British manufacturers revised their investment plans after the Brexit vote that resulted in no immediate problem but may dampen long-term prospects of the economy. Manufacturing production declined in the June to July period amid a decrease in domestic orders. Still, there was no sign of a sudden drop in activity after the pound’s weakening boosted export orders and optimistic forecast made in early September was confirmed. The Bank of England, which plans to cut interest rates again this year, is likely to trigger the weaker investment plans by manufacturers on the back of Britain’s uncertainty over future trading ties with the EU. The EEF’s measure of investment plans for the next 12 months fell to -10, its lowest level since late 2009. “While the referendum outcome appears not to have pushed the sector back into recession, the results do not provide confidence that a return to stronger growth is on the cards this year either,” Lee Hopley said, the chief economist at EEF. The EEF survey of 450 manufacturers showed they mostly expect output and orders to improve, particularly for exports. Employment expectations also improved. EEF expects Britain’s economic growth to stall in the second half of 2016 and stay weak throughout 2017. Manufacturing production would rise by 0.4% this year but decline by 0.7% next year.